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Business, 19.02.2021 04:20 handog12

At a simple interest rate of 11% per year, determine how long will it take $15,000 to increase to 4 times as much. Compare the time it will take to double if the rate is 20% per year simple interest. At an interest rate of 11%, it will take years for the amount to increase 4 times as much. It will take years for the amount to double at an interest rate of 20%.

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At a simple interest rate of 11% per year, determine how long will it take $15,000 to increase to 4...
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